ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar, said that the government will allocate Rs87 billion for the execution of China-Pakistan Economic Corridor (CPEC) projects.
As per details, National Economic Council (NEC) earmarked Rs6.2 billion for Mainline (ML-1) and Rs42 billion for Western Wing. The government also allocated Rs7 billion for the development of infrastructure of Special Economic Zones (SEZs).
According to sources, the minister said that the federal Public Sector Development Program (PSDP) budget was increased from Rs660 billion to Rs900 billion in the upcoming budget, indicating an increase of 36.4 per cent.
While briefing CPEC Authority Chairman Lt Gen (retd) Asim Salem Bajwa at the P Block, Asad Umar said that the commitment to completion of CPEC projects has strengthened as the issue of circular debt and nonpayment to IPPs has now been resolved.
For more news, visit Graana.com
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
